ACE Aviation Holdings, which was created in 2004 as part of Air Canada's restructuring and subsequently spun off AC and regional Jazz as independent entities, said yesterday that it has sold its remaining stakes in Aeroplan and Jazz as part of its plan to wind down operations within the next 3-6 months pending disposal of its assets (ATWOnline, May 12). It sold 19.9 million Aeroplan shares for C$349.3 million ($351.7 million) and 11.7 million Jazz units for C$85 million. It said it "retains ...

Subscribe to Access this Entire Article

"ACE concludes Aeroplan, Jazz divestitures" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.